Pioneer Natural Resources Company Announces Public Offering of Common
Stock

January 05, 2016 04:21 PM Eastern Daylight Time

DALLAS--(EON: Enhanced Online News)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or the
“Company”) today announced that it is commencing a public offering of
10.5 million shares of its common stock. BofA Merrill Lynch, Citigroup,
Credit Suisse and J.P. Morgan are acting as joint book-running managers
on the offering. The Company also expects to grant the underwriters an
option for 30 days to purchase up to an additional 1.575 million shares
of the Company’s common stock.

The Company expects to use the net proceeds from this offering for
general corporate purposes, including continuing to actively develop its
acreage position in the Spraberry/Wolfcamp play in West Texas while
maintaining a strong balance sheet during the current period of low
commodity prices.

The offering is being made pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission (“SEC”). The
offering may be made only by means of a prospectus supplement and the
accompanying prospectus, copies of which may be obtained by sending a
request to:

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.

Pioneer is a large independent oil and gas exploration and production
company, headquartered in Dallas, Texas, with operations in the United
States.

Except for historical information contained herein, the statements in
this news release are forward-looking statements that are made pursuant
to the Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995.Forward-looking statements and the business
prospects of Pioneer are subject to a number of risks and uncertainties
that may cause Pioneer's actual results in future periods to differ
materially from the forward-looking statements.These risks and
uncertainties include, among other things, volatility of commodity
prices, product supply and demand, and the ability to negotiate
agreements with third parties on mutually acceptable terms.These
and other risks are described in Pioneer's 10-K and 10-Q Reports and
other filings with the U.S. Securities and Exchange Commission (SEC).In addition, Pioneer may be subject to currently unforeseen risks
that may have a materially adverse impact on it.Pioneer
undertakes no duty to publicly update these statements except as
required by law.

U.S. investors are urged to consider closely the disclosures in the
Company’s periodic filings with the SEC.Such filings are
available from the Company at 5205 N. O'Connor Blvd., Suite 200, Irving,
Texas 75039, Attention: Investor Relations, and the Company’s website at www.pxd.com.These filings also can be obtained from the SEC by calling
1-800-SEC-0330.

DALLAS--(EON: Enhanced Online News)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its third quarter 2017 earnings news release is scheduled to be issued after the close ... more »